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DIY Wills and Probate
Wills and probate - Things to know.

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WILLS - How to do a will and probate
- The need for a will can be avoided by owning property jointly with another
person. That other person automatically become the sole owner on the
production of a death certificate and the filling in of a form. There are
two options for property, one is jointly and the other is tenants in common
equal shares. Tenants in common require probate. Jointly owned bank accounts
do not require probate.
- Courts will change wills where it thinks the Testator (person making the
will) has been unfair to one or more of his children. The way around this is
to state in the will that the child had support, had stolen or was given her
fair share when he/she was alive. This can be supported with a sworn
affidavit or Statutory Declaration.
- The signing of the will must be witnessed by two witnesses at the same
time - the same pen must be used as the use of a different pen by the
different witnessing people can bring this into doubt.
- Any staple or pin holes or markings on the will raises suspicions and the
will may not be accepted by the Probate Office. So be very careful not to
use staples and staple the will to other documents. There may have been an
amendment (codicil) to the will that was removed.
- Executors and beneficiaries should not witness the will as doing so can
bring their benefits into some doubt. If the will is disputed beneficiaries
can cease to be beneficiaries as the will can be seen as being self serving
to them.
- In our system of law only legal entities (Individuals over 18 and
companies) can own property. When a person dies they cease to be a legal
entity and are replaced by the executor. The executor becomes the legal
owner of a deceased person's assets.
- When a person dies a will effectively creates a "Trust" where
the Executor becomes trustee and has to act in the interests of the
beneficiaries of the will.
- Trusts created by wills can not have infinite life, they must have a
terminating condition such as till someone dies or after ten years. The
clause "I EMPOWER my Trustees for the time being of this
will to sell my real and personal estate or any part thereof at such time or
times as such Trustees shall think fit" has the effect of terminating
the Trust of a will at such time or times as such Trustees shall think fit.
- Wills that create a trust situation which lasts a life time or many years
create lots of heart ache for beneficiaries and opportunities for the
Executor to cheat and also make the will complicated to administer with lots
of additional legal costs.
- When an executor dies his executor become the executor (Wills Act).
Probate:
- Probate means to prove the will to the court.
- The Probate Court accepts a set of forms and considers these forms before
granting probate.
- The Probate form is an authority granted by the court to the ownership of
the assets of the deceased person.
Probate for the will of Harry Croll required the following forms:-
When these sworn documents were presented to the Probate Court Probate was
granted. Trevor Croll had some uncertainties and purchased a probate kit from Legal
Kits Victoria.